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Federal Home Loan Bank System
Thesaurus| Noun | 1. | Federal Home Loan Bank System - the central credit system for thrift institutionsfinancial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in financial assetsHome Loan Bank - one of 11 regional banks that monitor and make short-term credit advances to thrift institutions in their region |
Federal Home Loan Bank System
Federal Home Loan Bank SystemA system of 12 American banks whose purpose is to provide low-cost loans for mortgages, businesses, and urban and rural economic development. The FHLB is not publicly traded, but rather is owned by several thousand banks and other financial institutions. These institutions buy stock in the system in order to become eligible for subsidized loans, which they then make to high-risk customers. Established in 1932 during the Great Depression, the FHLB largely succeeded in its original purposes of putting people in affordable homes. However, in the late 2000s, the FHLB began to have cash flow problems due in part to overexposure to the housing bubble and became the largest borrower from the United States government.Federal Home Loan Bank System (FHLBS) A government-sponsored enterprise established in 1932 to improve the supply of funds to lenders, including credit unions, thrifts, banks, and insurance companies that finance loans for home mortgages. With an AAA credit rating the system is able to borrow funds at relatively low cost and pass the savings through to borrowers in the housing market.AcronymsSeeFHLBSFederal Home Loan Bank System
Words related to Federal Home Loan Bank Systemnoun the central credit system for thrift institutionsRelated Words- financial institution
- financial organisation
- financial organization
- Home Loan Bank
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